The Better Qualified Renters Certificate

Renting an apartment is never easy for either landlord or tenant. And the hardest part, especially in this economy, is convincing a landlord to rent to a tenant who has had credit problems. With that in mind we have created The Better Qualified Renters Certificate, a program designed to assist people with low credit scores […]

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Will Paying Off Old Debt Boost Your Credit Score?

Angie Mohr, provided by Investopedia June 1, 2011 If you have a low credit score and are working towards raising it, it seems to make sense to pay off all of your old delinquent debts. However, this strategy can sometimes backfire and drop your score further. Any credit score repair strategy should involve analyzing each […]

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The Cost Of Bad Credit

Bad credit costs you in more than the extra interest you have to pay. Bad credit can lead to reduced opportunities, family stress, and having to associate with lenders who see you as a mark. Here are some of the unpleasant consequences of bad credit.  Fees: Creditors may add fees, such as late fees, over-limit […]

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Identity Theft Just Keeps Getting Worse

  Approximately 15 million United States residents have their identities used fraudulently each year with financial losses totalling upwards of $50 billion. That means approximately 7% of all adults have their identities misused with each instance resulting in approximately $3,500 in losses. Close to 100 million additional Americans have their personal identifying information placed at […]

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FICO Score vs VANTAGE Score

There is some confusion going on lately about the credit score range and about the credit scoring in general. We believe this is caused by the recent introduction of the VantageScore in addition to the FICO score that we are all used to as a ‘classic’ or common credit score. Let us outline the main […]

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How Credit Is Calculated

· 35% Payment history · 35% Amounts owed · 15% Length of credit history · 10% New credit · 10% Type of credit – Stay away from small department store cards; they have a low limit and tend to bring down your overall score. – You must use credit in order for it to report […]

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Ten Facts About the History of FICO

A three digit number that tells the story of your past and holds the potential of your future? Nope, it’s not your weight or your cholesterol. And hopefully it’s not the score of your latest golf round, yikes! Of course, it’s a credit score—one of the very first things you want to know about a […]

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Missed Mortgage Payments Hurt Credit Scores

Missed mortgage payments, short sales, and foreclosures can all drastically bring down a credit score. Lenders use credit scores to measure how well a person handles debt. Credit scores range from 300 to 850, with 650 and below considered poor credit. A mortgage makes up a big part of a person’s credit score and often […]

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